REALTOR - BMARPagE 2 • FEbrUarY 2009 • rEaLtor ProFEssioNaL EDgE • Visit 2009 Leadership CEO...

Visit www.bmar.org • rEaLtor ProFEssioNaL EDgE • FEbrUarY 2009 • PagE �

George Bookis, GRI, President • Vol. XXVI, No. 2 • FEBRUARY 2009 • NUNZIO DEL GRECO RCE, Chief Executive Officer

REALTOR

What’

s In

side 85th Annual Banquet Honorees ........................................ 6

2009 Leadership ........................................................... 2Access Millions of Buyers ................................................ 4Active MLS Realtor Companies ....................................... 15Advantage Advertising ................................................... 14Association Mission Statement ..................................... 13Banquet Reservation Form ............................................... 7Benefits of the Bronx-Manhattan MLS ............................... 8Calendar of Events .......................................................3-4CEO Report .................................................................... 2Housing Stimulus and Stabilization Will Help Economic Recovery ........................................ 9Instructors Wanted ........................................................ 13New MLS Listing Opportunity ......................................... 14Newsletter Product & Service Providers ............................ 5NYSAR Free Legal Hotline .............................................. 13President’s Message ...................................................... 3Proposed Real Estate Industry Regulation Changes for Rent Stabilized Buildings in NYC ................................... 9Realtors Recognize Importance of Keeping Banks Out of Real Estate .............................................................. 7Realtors Welcome Efforts Towards Housing Stabilization .. 11Special MLS Announcement ........................................... 10Susan E. Goldy Graduates Leadership Academy ................ 5

rEaL EstatE traDE show PLaNNiNg LUNchEoN hELDat thE PELham sPLit rock goLF coUrsE

A Trade Show Luncheon was held on Thursday, January 22, 2009 at the Pelham Split Rock Golf Course. The luncheon was well attended by many of the Trade Show committee members and a prior exhibitors. Below are important points which will be followed-up to the luncheon and for planning for a successful 8th Annual Real Estate Trade Show.

• members were impressed with the facility, change of venue and service

• the revised 2009 Trade Show Brochure will include a photo of the facility

• it was discussed that the show should begin in the afternoon and continue into the evening as a networking cocktail party

• additional members volunteered to serve on the committee to make recommenda- tions to improve the event

• greater effort will be made to increase at- tendanceandtrafficat the event

• greater effort will be made to bring in new exhibitors and assist all participating

Expanded taLF will Encourage

commercial real Estate investmentThe U.S. Treasury’s

announcement that commercial mortgage-backed securities will now be accepted as eligible collateral for the Term Asset-Backed Loan Facility (TALF) will encourage investment in the commercial real estate market, according to the National Association of Realtors®.

Over the past year, the broader credit crisis that has permeated the world’s capital markets has increasingly curtailed commercial lending activity. Banks have tightened their credit standards and reduced loan volume while the commercial mortgage-backed securities market has stopped functioning effectively. Without liquidity, commercial borrowers face a growing challenge of refinancingmaturing debt and the threat of rising delinquencies and foreclosures.

“A severe lack of credit threatens commercial real estate andposes significant risks forthe whole economy,” said NAR President Charles McMillan, a broker with Coldwell Banker Residential Brokerage in Dallas-Fort Worth. “Expanding the TALF and opening it up to commercial mortgage-backed securities is a movement in the right direction, and welcome news for the American economy.”

The announcement implements policy directions recommended and endorsed by NAR’s Realtors® Commercial

(Left to right) Ron Garfunkel, Service Directions, Inc.; Vincent Buccieri, Today Realty Corp.; Dan Margulies, US Energy Group; Eliot Cherson, Counsel to the Board; Evelis Huaman, Aflac New York; Anthony Mormile, Hudson Valley Bank; Joseph Kelleher, Hutchinson Metro Center; Gina Kuhlenkamp, AEC Engineering Design & Construction Services PLLC; Christina Taylor, VP Bronx Residential Division; Frank Castellucci, Moments To Remember Video Services; Sandra Erickson, Past President; Nunzio Del Greco, Chief Executive Officer; Pat Logan, Community Preservation Corp.; Barbara-Ann Benson, Century 21 Wolff of Yonkers; Gary Jacobs, F & F Supply; Neal Berman, Brainstorm Promotions; and Janine Schall, BMAR Marketing Assistant.

continued on page 7

continued on page 7

• FEbrUarY 2009 • rEaLtor ProFEssioNaL EDgE • Visit www.bmar.org

CEO R

EPOR

T Nunzio Del greco rcE, Chief Executive Officer

2009 LeadershipOFFICERS

GEORGE BOOKIS, GRI President

MATTHEW ENGEL, CPM President-Elect

NUNZIO DEL GRECO, RCE Chief Executive Officer

CHRISTINA TAYLOR V.P. Bronx Residential Div.

RICHARD GUARINO V.P. Manhattan Residential Div.

MATTHEW SCHMELZER V.P. Owner-Management Div.

KATHY ZAMECHANSKY V.P. Commercial-Industrial Div.

DANIELLE ERICKSON NOAK Treasurer

HATEMA NEZAJ Secretary

ELIOT J. CHERSON, ESQ. Counsel to the Board

GOVERNORS

FRANK BARBIERI SHAUN BELLE BARBARA ANN BENSON PETER BOURBEAU VINCENT BUCCIERI KENNETH CODER, CPA JAMES K. COLEMAN JOSEPH W. COLONEL FLOYD E. COOPER VASCO DA SILVA ELLEN FELD, GRI WANDA FORDEN JEFFREY GAULT RICHARD GILIOTTI RAM GUPTA JOAN KUZNIAR, GRI ANTHONY MORMILE EUGENE REISMAN, ESQ. HALE RICKMAN SHIMON SHKURY RANDOLPH J. SILVERSTEIN JAMES SLATTERY SONNY VATAJ ARNOLD WALDMAN EARL H. WASHINGTON STEPHEN WOLINETZ

SENIOR COUNCIL

MARK F. ENGEL, CPM SANDRA ERICKSON JOEL T. FISHMAN VIRGINIA M. GALLAGHER PERRY GAULT SUSAN E. GOLDY, CIPS, GRI JACQUELINE KYLE KALL BARRY H. LEVITES, CPM JOSEPH F. LIMONGELLI MICHAEL SCHMELZER, GRI WILLIAM SCHUR ERIC A. STERLING, IFA, ASA, GAA JOSEPH A. VILLANI

Working with Today’s New Business Dynamics

“

”The only thing that is certain these days is change and it’s happening faster than ever. Most people I speak to these days are very stressed out with a sense of uncertainty about their businesses and companies. I believe that “Uncertainty is the New Business Dynamic” in our society. The continuing drop in the Stock Market, economic instability, depreciation in real estate values, and lackofconsumerconfidencecompoundsthisuncertainty.Thefactthatwearebombarded with endless sources of news, telephone calls, faxes, emails, and noise 24 hours a day, and 7 days a week doesn’t help.

Nationalleadershipisnecessarytoboostconsumerconfidencetoconvincethefolks on Main Street that better days are ahead. Our elected representatives need to get over partisan politics and work to solve the problems in our economy andputAmericafirst.Therhetoricfrommostofthepoliticiansisnegativein order to advance their agenda. Unfortunately, the recently passed Stimulus Bill contains more social engineering, political payback, pork and not enough economic stimuli.

I hope that President Obama and Congress are successful in getting the economy moving again since we are all in the same boat. However at this time, significanttaxcutsoncapitalgains;cutsinpersonalincometaxrates;cutsinbusinesstaxes;cutsininheritancetaxesetc.wouldhavedonemuchmoretojump-start the economy and real estate industry. Tax reductions and incentives are positive means to stimulate investments and business growth. A healthy economy increases tax receipts on all levels of government. The $13.00 per week per worker will do little to get most people to spend their money.

Whilefrustrationandstressismagnifiedbytoday’snewbusinessdynamics,we need to take personal charge of circumstances that are within our sphere of influence.Balancingandjugglingprioritiesisanon-goingresponsibilityinthisever-changing business, economic and business environment. Stay focused on your priorities such as family, friends, business relationships and associations such as the BMAR. With the challenges we are all facing on multiple levels, the importance of membership and networking is more important than ever.

High on your priority list should also be health and taking care of you. It’s easier than you think. Begin to make time for yourself by unplugging from all the noise, news, telephone, computer, etc. for an hour a day. Treat yourself with quiet time without interruptions, noise or worry. Just as the body needs rest to recharge itself, so does the mind. Meditation and focusing on your breath is a great way to take a break from the chatter. I started practicing yoga about tenyearsagoandthebenefitsarepriceless.Stretchingandproperbreathingisalso very important for health and balance. I added Qi Gong which is similar to Tai Chi and Bagua martial arts to my routine. It works for me. It’s important tofindsomethingthatworksforyou.Itmaybetakingawalkorreadingabook. With practice time, you will see positive results.

With “Today’s New Business Dynamics”, BMAR provides valuable programs and services for our members to maintain a competitive edge and generating new business. You never know where your next big deal is going to come from. Mark your calendar and plan on attending some of the major networking events including the upcoming 85th Annual Banquet, April 23, 2009 at the Marina del Rey Caterers. Use the reservation form on page 7.


Dear Colleagues

Winter is slowly loosening its grip on us just as the tight credit market is slowly, very slowly loosening up.

Inthesetimesvisionisveryimportant;andinfactvisionisnotthesameas sight.

When our sight is in excellent health we can see all that occurs around us and can take informed decisions as to which direction we follow. Sometimes our sight becomes blurred and this hinders our ability to move forward confidently.

Ourvisionembracesthelongerterm;thewhatcanbe;thedistantfuture.

Our vision should not be affected by either good or poor sight. Our vision must remain clear, keeping the horizon in focus whether it may be approaching or receding.

Oursighttodayisblurredbytheeconomicdownturn,thefinancialcrisis,thelack of credit, the amount of distressed debt and increasing unemployment. We move forward hesitating at every step, not sure of our direction as though we are in a thick fog with no end in sight.

We all acknowledge that these troubling times will be behind us one day, and having learned from them we will be in a superior position to take advantage of what may lay ahead.

This is the vision we must all keep in focus. Better days will come!

Ideas come from seeds that may lead to changes that improve one’s self, one’s environment, one’s business and one’s future. For these ideas to be implemented and to effect change they must be put forth for consideration.

The various committees of The Bronx Manhattan North association of realtors are the forum for the exchange of ideas but the momentum required to effect change is provided by the involvement of our members.

At this time it is very important that we all commit ourselves to serving on committees to provide the focused vision for our members that will guide us through the fog.

Many things have changed over the past three years and BMAR must adapt to meet the challenges before us as we approach the clearing horizon.

Your leadership attended the NYSAR business meetings in Verona and the committee chairs will be submitting reports at the next Board of Governor’s meeting.

As always please direct any comments, suggestions or concerns you may have to: [email protected]

george bookis, gri, 2009 President

President’s Message

FEBRUARY 1-5, 2009 NYSAR Business Meeting The Turning Stone Resort & Casino Verona, New York

February 6, 2009 WCR Technology Seminar BMAR Board Room 9:30 am

FEBRUARY 12, 2009 Board of Governors Meeting BMAR Board Room 9:30 AM – 10:30 AM

FEBRUARY 23, 2009 MLS Training Session BMAR Board Room 9:30 AM - 11:30 AM

FEBRUARY 25, 2009 Trade Show Logistics Meeting & Walk Through Pelham Split Rock Golf Course 9:30 AM

FEBRUARY 27, 2009 Realtor Associate Networking Event Information Exchange & Member Forum 9:30 AM - 11:30 AM

MARCh 4, 2009 Golf & Tennis Committee Meeting BMAR Board Room 9:30 AM - 10:30 AM

MARCh 4, 2009 Trade Show Committee Meeting BMAR Board Room 10:30 AM - 11:30 AM

MARCh 12, 2009 Bronx Residential Division Round Table Discussion & Member ForumBMAR Board Room9:30 AM - 11:30 AM

MARCh 14, 2009WCR Fundraiser Bowling Event Bowler’s Lanes in the Bronx3:00 PM - 5:00 PM

MARCh 19, 2009 Board of Governors Meeting BMAR Board Room 9:30 AM – 10:30 AM

APRIL 16, 2009 Board of Governors Meeting BMAR Board Room 9:30 AM – 10:30 AM

APRIL 19, 2009WCR Cultural BrunchLorraine Coyle’s home3:00 PM - 6:00 PM

Better Days Will Come!

“

”

caLENDaroF EVENts

PagE � • FEbrUarY 2009 • rEaLtor ProFEssioNaL EDgE • Visit www.bmar.org

APRIL 23, 2009 85th Annual Banquet Marina del Rey Caterers

MAY 11-16, 2009 NAR Business Meetings Washington, D.C.

MAY 19, 2009 New Member Welcome Seminar/ Code of Ethics (3 hours CE Credits) BMAR Board Room 9:30 AM – 1:00 PM

MAY 21, 2009 Board of Governors Meeting BMAR Board Room 9:30 AM – 10:30 AM

JUNE 18, 2009 Board of Governors Meeting BMAR Board Room 9:30 AM – 10:30 AM

JUNE 29, 2009 74th Annual Golf & Tennis Outing Fresh Meadow Country Club Lake Success, New York

SEPTEMBER 13-16, 2009 NYSAR Business Meetings The Saratoga hilton hotel Saratoga Springs, New York

SEPTEMBER 22, 2009 New Member Welcome Seminar/ Code of Ethics (3 hours CE Credits) BMAR Board Room 9:30 AM – 1:00 PM

SEPTEMBER 24, 2009 Board of Governors Meeting BMAR Board Room 9:30 AM – 4:00 PM

OCTOBER 28, 2009 8th Annual Real Estate Trade Show Location To Be Announced 10:00 AM – 4:00 PM

OCTOBER 28, 2009 Board of Governors Lunch Meeting 12:00 PM- 1:30 PM

NOVEMBER 11-16, 2009 NAR Annual Convention San Diego, California

NOVEMBER 17, 2009 New Member Welcome Seminar/ Code of Ethics (3 hours CE Credits) BMAR Board Room 9:30 AM – 1:00 PM

NOVEMBER 19, 2009 Board of Governors Meeting BMAR Board Room 9:30 AM – 10:30 AM

DECEMBER 3, 2009 25th Annual holiday Party Marina del Rey Caterers

DECEMBER 17, 2009 Board of Governors Meeting BMAR Board Room 9:30 AM – 10:30 AM

Access Millions of Buyers through www.Realtor.comand over 20 premium internet search engines


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PATRONIZE THE ADVERTISERS

IN THIS NEWSLETTER!*Tell them that you saw their “ad” in

the BMAR Newsletter

riverdale rEaLtor® susan E. goldy graduates NYsar Leadership academy

Susan E, Goldy of Boston, MA, President and Principal Broker at SUSAN E. GOLDY, INC. in Riverdale, successfully completed Leadership NYSAR, an intensive one year academy designed by the New York State Association of REALTORS to develop emerging REALTOR® leaders.

“As a graduate of Leadership NYSAR, Susan Goldy is recognized by the New York State Association of REALTORS® as a distinguished member and as potential future association leader.” said NYSAR President Daniel J. Hartnett. “We are fortunate to count among our graduates accomplished real estate professionals such as Susan Goldy, who are dedicated to the advancement of the association and the industry.”

The 14 participants of Leadership NYSAR’s inaugural class attended four two-day retreats throughout 2008, working their way to the much anticipated graduation, which took place in early February at the Turning Stone Resort and Casino in Vernon, NY.

The program’s curriculum focused primarily on leadership techniques and how participants can establish effective procedures for goal-setting and problem solving. In addition to a comprehensive overview of the industry and association, participants explored proven strategies to both personal and professional success.

Susan Gold, President of SUSAN GOLDY, INC., has been an innovative Real Estate professional since 1972, actively involved in the sale of residential properties throughout Riverdale, Kingsbridge, and Yonkers.

The New York State Association of REALTORS® is a not-for-profit tradeorganization representing more than 61,000 of New York state’s real estate professionals.ThetermREALTOR®isaregisteredtrademark,whichidentifiesrealestate professional who subscribe to a strict code of ethics as members of the New York State Association of REALTORS®. These REALTORS® are also members of the New York State Association of REALTORS®.

YOUR “AD” FITS HERE

This monthly newsletter is sent to over 10,000 companies and professionals throughout New York City

for more information email: [email protected]


For reservations or more information call Janine Schall, Marketing Assistant(212) 242-4343, (718) 892-3000, or email: [email protected]

1924-200985 Years of

Service

Attend the 85th Annual Banquet of theBronx-Manhattan North Association of Realtors, Inc.

THURSDAY, APRIL 23, 2009, 5:30 P.M.Marina del Rey Caterers Bronx, New York

Network and join us in saluting outstanding individuals and Award Recipients

Awards will also be presented to Members for years of service

AN INDUSTRY EVENT FOR YOUR NETWORKING SUCCESS

Dr. Elias KarmonDistinguished Service Award

Posthumously

James Alston Community Service Award

McCall’s Bronxwood Funeral Home

Kathy ZamechanskyRealtor of the Year

KZA Friedland Realty Consulting Services

Michael Berr Affiliate Member of the Year

Goodhart National Gorman Agency

Michael KesselmanInstitutional Member of the Year

Meridian Capital Group LLC

Floyd Cooper ……...40 Year Member Jacqueline Kyle Kall……….….40 Year Member Richard Goodman…….…....35 Year Member Cooper Group & Associates, Inc. Port of Kall Realty LLC Goodman Management Co., Inc.

Eric Sterling……..…...35 Year Member Eugene Reisman…………….30 Year Member Nicholas Chimienti…………..25Year Member Sterling Appraisals Associates, Inc. Novick, Edelstein, Reisman, Lubell, Chimienti Realty Corp. Wasserman, & Leventhal, P.C.

Richard GuarinoRealtor Associate of the Year

Extreme Realty LLC

Dr. Elias Karmon


rEaLtors® rEcogNizE imPortaNcE oF kEEPiNg

big baNks oUt oF rEaL EstatE

Allowing large national banks to enter into real estate brokerage and property management could be devastating to the safety and security of the nation’s economy, which is why the National Association of Realtors® has been calling for legislation that would permanently ban banks from entering into real estate transactions.

“We thank Sens. Barbara Boxer, D-Calif., and Richard Burr, R-N.C., for their leadership in introducing legislation to prevent big banks from expanding their business to act as real estate brokers and managers,” said NAR President Charles McMillan.

During the introduction of the Community Choice in Real Estate Act on Friday, Sen. Boxer said, “Permitting banks to engage in commerce could compromise their lending decisions and create conflicts of interest whilerestricting consumer choice and competition among mortgage lenders.”

Some national banks had petitioned the federal government for the power to own and operate local real estate brokerage or property management companies. Since 2003 language has been included in annual appropriations bills to temporarily block implementation of these actions. The Community Choice in Real Estate Act would make the prohibition permanent.

“Imagine how much worse the crisis in thefinancial sector and our overalleconomy would be if banks had been permitted to enter into commercial activities such as real estate,” McMillan said. “We hope that Congress will work quickly to close any loopholes and pass laws that maintain the separation of banking and real estate and protect our nation’s economy from unnecessary and avoidable risks.”

85 th Ann ua l Banque t o f t h e

BronxBronx -- Manhattan North AssociationManhattan North Association

of Realtors ,Inc.of Realtors ,Inc.

Thursday, April 23, 2009

Networking Cocktail Hour: 5:30 P.M.

Formal Program, Dinner and Entertainment: 7:00 P.M.

It’s an Excellent Networking Opportunity!

Marina del Rey Caterers, Bronx, New York Dress: Black Tie Preferred

I will attend the 85th

Annual Banquet on April 23, 2009 at the Marina del Rey, Bronx, New York

Name Company ______

Address Billing Zip Telephone

No. of Reservations Amount Enclosed $ Date ______

Charge my Visa MasterCard Discover AMEX

Card # Expiration Date Signature

*CVN *CVN is the last 3 or 4 digits off of the back of the card.

Referred or recommended by

Attach the names of your guests. Printer’s deadline for Seating List is March 25, 2009.

*PAYMENT IS REQUIRED FOR PROCESSING RESERVATIONS*

Reservations Price Schedule Before March 25, 2009 are:

Reservations By Members: Reservations By Non-Members:

$200 each ticket $250 each ticket

Table of 10 - $1,800 Table of 10 - $2,500

*Add Optional RPAC (Realtors Political Action Committee) Contribution of $10 or More

$275. For Each Reservation Received After March 25, 2009

$500 each ticket at the door if available * NO CANCELLATIONS AFTER APRIL 16, 2009


Benefits of the Bronx-Manhattan multiple Listing service (mLs)

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For more information email: [email protected]

For more information orreservations contact Janine

Schall at: [email protected](718) 892-3000 or (212) 242-4343

make your reservations to attend the

85th AnnualBanquet

april 2�, 2009* * * * * * * * * *

real Estate trade show Planning Luncheon heldat the Pelham Split Rock Golf Course

continued from front cover

exhibitors in maintaining and cultivating business contacts• asuccessfulTradeShowbenefits

members, the participating exhibitors and the organization

• committee members will visit the facility to map the locations fortheexhibitbooths,floorplan set-up, etc.

• a committee meeting will be scheduledtoconfirmthedate, location, schedule, discuss logistics,floorplan,potential seminars, other attractions, etc.For more information on the 2009 Real Estate Trade Show or to serve on the committee, contact Janine Schall at (212) 242-4343; (718) 892-3000 or email:[email protected].

Expanded taLF will Encourage commercial real Estate investment

continued from front cover

Alliance through its Commercial Economic Stimulus Work Group. The work group developed a plan to address high-priority issues like lack of credit to avoid further losses in the commercial real estate markets as a part of the national economic recovery plan.

“Though much still remains to be done, this policy decision will help reassure investors in the vital commercial real estate sector, which provides more than 9 million jobs and generates roughly 70 cents out of every dollar in local government budgets,” said RCA Chair Robert Toothaker. “There is no secondary market for commercial mortgages, so it is important to encourage lenders and investors whose activity will be essential inrefinancingtheperformingcommercialreal estate loans in the marketplace, many of which are due to reset soon.”

Under the new approach, TALF credit facilities will be extended to newly originated AAA-rated securities backed by commercial real estate loans. “This important measure will enhance liquidity and ease the lending crisis facing commercial markets,” said Toothaker.

Expanding the TALF program to include commercial mortgage-backed securities has been a key part of NAR’s message to policymakers and is integral to the commercial economic stimulus plan developed by the association’s commercial leaders.

“NAR is encouraged by this positive announcement and will continue to work with Congress and the regulatory agencies as further policy options are considered to address the crisis in the credit market and ensure overall economic recovery so that real estate will once again lead the economy to recovery,” Toothaker said.

YOUR “AD” FITS HERE

This monthly newsletter is sent to over 10,000 companies and

professionals throughout New York City for more

information email: [email protected]

Visit www.bmar.org • rEaLtor ProFEssioNaL EDgE • FEbrUarY 2009 • PagE 9

ProPosED rEaL EstatE iNDUstrY rEgULatioNchaNgEs For rENt stabiLizED bUiLDiNgs iN NYc

Owners and property managers of rent stabilized buildings in New York City need to be aware of proposed regulations impacting the industry and your bottom line. Below is a letter from Billy Schur past President of the association and recommended action you can take today.Dear BMAR Member,My involvement with various other real estate industry trade organizations results in my frequently being introduced to proposed legislation that can adversely affect our industry. AsaresultoftheDemocratsfinallyobtainingamajorityintheNYSSenate,therearea number of bills that have been proposed or already passed through the NY State As-sembly and may pass through the Senate. A particular bill affecting MCI increases would change their status from “permanent” to “temporary” in all instances. This means that the permitted 1/40th MCI increases which currently result in a permanent increase in rent would now become temporary and would drop off the rent when the amount spent was recouped As passage of this bill will result in less MCI type of work being done in the buildings, the vendors who actually do the work will be adversely affect and lose business as will their suppliers.Rent Stabilization Association of New York (“RSA”) is an organization of much larger size than ours is reaching out to owners and managers for support in defeating this bill. As such, RSA’s campaign involves reaching out to these vendors to educate them on the bill and the potential negative impact on their business and employees so that they will join this campaign. The hope is to broaden the base of opposition beyond those in the Real Estate industry and demonstrate to the legislature that passage of this bill will impacts many other businesses and industries. RSA wishes to compile a listing of compa-nies that service residential multi-family buildings with MCI types of improvements and outreach to them so they can be part of this opposition effort. Hence, I am asking for your help with the following:1. Review your current listing of vendors who provide MCI types of services to your

buildings: a. Window installers b. Roofing/Pointingcontractors c. Plumbing & Electrical contractors d. Intercom & Entrance door installer e. Boiler installers f. Apartment Rehabilitation Companies g. Appliance Suppliers2. Compile a listing of these companies including a. Contact name b Company name c. Mailing Address d. Telephone # e. Email address if available 3. ForwardyourlistingofvendorsfittingthiscriteriadirectlytoRSA: Frank P. Ricci Director of Government Affairs Rent Stabilization Association of NY 123 William Street, 14th Fl. New York, NY 10038 (212) 214-9266 [email protected]

At some point in the near future, RSA will reach out to you and/or your vendors with direction as to how to assist in this effort – likely with a letter writing campaign to local NYS senators and Assembly members. I expect they would be able to provide a draft letterandtheproperelectedofficial’smailinginformation.It is not often we reach out to you for your support in such matters but in this instance, it is critical. Your support in this effort is appreciated both by RSA as well as your fellow Real Estate owners and managers.Sincerely,Billy Schur Past President

housing stimulus and Stabilization Will Help

Economic recoveryThe following is a statement by

National Association of Realtors® President Charles McMillan:

“The American Recovery and Reinvestment Act is important for the U.S. economy and contains some important housing provisions. Eliminating the repayment provision in the $7,500 first-time home buyertax credit will help bring buyers to the market and reduce housing inventory. NAR has been advocating that this provision be improved – the change will stimulate more than 200,000 additional home sales, which will help stabilize home values.

“Reinstating the higher loan limits for FHA, Fannie Mae and Freddie Mac for mortgages in high-cost areas is also important and will help reduce inventory and improve liquidity in the overall mortgage market. The allocation of resources for neighborhood stabilization efforts to help communities purchase and rehabilitate foreclosed and vacant properties is also very promising for the housing market. This funding will help protect communities across the country and preserve home values from further decline.

“As the leading advocate for homeowners and the real estate industry, NAR will continue to address issues facing Americans who are trying to purchase a home, protect their current home or preserve investment opportunities in residential and commercial properties. NAR recognizes the efforts of the members of Congress who understand that without a housing recovery, an overall economic recovery is impossible.

“NAR believes that positive steps are being taken to improve the housing market and will continue to work with President Obama, Congress and regulators to make housing stabilization a key component of any federal recovery plans.”

PagE �0 • FEbrUarY 2009 • rEaLtor ProFEssioNaL EDgE • Visit www.bmar.org

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F FRONTDOOR (HGTV).In additional to Realtor.com, the premium websites above makes this is a very exciting development for members of the MLS especially in this real estate market. It is a significant benefit for current andnew members. For more information contact Desiree Santiago at: [email protected].

Visit www.bmar.org • rEaLtor ProFEssioNaL EDgE • FEbrUarY 2009 • PagE ��

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Emigrant Funding Corporation (EFC). All rights reserved. EFC is a subsidiary of Emigrant Bank, Member FDIC and is an Equal Opportunity Lender. The information, products, and services containted in this advertisement are believed to be correct but mayinclude inaccuracies, typographical errors and/or omissions. This information is intended for mortgage and/or real estate professionaluse only and should not be distributed or presented to consumers or any other third parties. This is not an offer or guarantee to extend credit. All loans are subject to submission of a complete application, underwriting review and credit and property approval. EFC is registered or licensed with the Banking Departments or Divisions in NY, NJ, CT, MA, RI, PA, FL and IL.

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Executive Towers

Located in the Bronx, Executive Towers is a

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community members. CPC’s recent $5M Freddie Mac

second mortgage for the 455-unit co-op will help

provide them with the means to make necessary

upgrades as well as strengthen their financial

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upgrades, replacement of convection units, electrical

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CPC’s dedicated staff of mortgage professionals will help you create customized solutions to fit your multi-family project’s financing needs. Thanks to the dedication of our Member Banks, and partnership with government, nonprofits and scores of other committed organizations, CPC continues to create affordable financing solutions to fit each community’s needs.

realtors® welcome renewed Efforts Toward Housing

Stabilization Congress and the U.S. Department

of the Treasury must enact legislative and regulatory priorities to stabilize the housing market and help stop the U.S. financialmarket’srapiddeterioration,andonFriday,fivefreshmanU.S.senatorstookdecisive action toward this goal.

“For months the National Association of Realtors® has urged the importance of stabilizing the housing market to help the nation’s economic future,” said NAR President Charles McMillan. “Although steps have been taken, the focus has not been on housing in the way it needs to be. We thank and congratulate five ofour country’s newest senators for their leadership in pushing for decisive action to, in their words, ‘restore vigor to our nation’s slumping housing industry.’”

Last November, NAR presented a four-point plan developed to spur home sales and stem the rapid rise in foreclosures by lowering mortgage interest rates and unclogging the credit market, extending the home buyer tax credit, making the increased loan limits permanent, and increasing liquidity in the both the commercial and residential real estate market.

On Friday, Sens. Jeanne Shaheen, N.H., Kay Hagan, N.C., Mark Udall, Colo., Tom Udall, N.M., and Mark Begich, Ark., called for their Senate colleagues to focus on housing in the American Recovery and Reinvestment Tax Act of 2009, S. 1, and to expand the home buyer tax credit through the end of 2009. In a letter to their colleagues, the senators noted that the housing industry has long been the engine that drives our economy and recommended extending the tax credit until the end of 2009 to encourage aspiring and qualifiedhome buyers to come off the sidelines andsignificantlyreduce thenation’shighhousing inventory.

NAR agrees with and supports the senators’ actions and vows to work with Congress and the administration to establish strong housing legislation that will help bring stability to home values, prevent foreclosures and put the U.S. economy on the road to recovery.

PagE �2 • FEbrUarY 2009 • rEaLtor ProFEssioNaL EDgE • Visit www.bmar.org

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REALTOR®

The Real Estate Institute of the Bronx-Manhattan North Association of Realtors is expanding its Education program and is interested in hiring qualified instructors to teach real estate courses.

Resumes should be forwarded with a cover letter to Nunzio Del Greco, Chief Executive Officer at the Board Office.In addition to an hourly rate of compensation, instructors are also eligible for 2 hours of continuing education credit for license renewal for each hour of instruction.

INSTRUCTORS WANTED

PagE �� • FEbrUarY 2009 • rEaLtor ProFEssioNaL EDgE • Visit www.bmar.org

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For more information Call: 718-892-3000 • 212-242-4343

NEw mLs ListiNg oPPortUNitiEs

Non-member MLS Realtors can submit listings into the system for the first time. This is anoutstanding opportunity if you are not a member of the MLS but want to get your listings on Realtor.com and get maximum exposure for your exclusive property listing. A processing of $250 per listing charge is required.

Appraisers are extended a special introductory membership of $1,200 for the first year. Affiliatemembership dues $350 plus a one time $50 application fee is required for processing. For more information call (212) 242-4343, (718) 892-3000 or email: [email protected].


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A.SCHONFELD PROPERTYMANAGEMENT-RENTALS

ALAN SCHONFELDMANAGEMENT SINCE 1980

119 E 233 RD STBRONX, NY 10470

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Look for the

Name Phone #

*187 Realty Corp. 718-562-1000Amerihome Realty 914-494-5822Better Homes Realty, Inc. 718-931-3317Century 21 Mancuso Realty 914-375-5200Century 21 Sheik’s Realty 718-320-4700Century 21 Wolff of Yonkers, Inc. 914-771-6300*Charles G. Brophy & Associates, Inc. 718-601-6100Continental Real Estate Group 877-996-5728Cooper Group & Associates, Inc. 718-329-2400Cruse Real Estate 516-826-2100Dream Realty Corp. 718-882-3300*F.P. Business Center, Inc. 212-567-7113Fieldston Properties 718-601-1000Four Seasons Real Estate Center 914-667-6767Frontier Group Properties, Inc. 718-491-9100Get Green Real Estate Services 914-395-0176Go Real Estate, Inc. 718-863-8778*Grand Lux Realty 914.273.9688*Halstead Property Riverdale, LLC 718-878-1700*Home Buyers Marketing II, Inc. 888-566-7737*Houlihan Lawrence 914.699.1471Houlihan Parnes Realtors 914-641-4351

Island Advantage Realty 631-351-6000*Joe Hasselt Real Estate 718-892-1700*Koppell River Realty, Inc. 718-543-2200Laujel Realty Corp. 718-239-0890*M P Realty Group Corp. 718-597-1600Parkchester Preservation Company L.P. 718-536-2031Powertec Realty LLC 917-882-2308*Prestige Properties 860.829.8000Prudential Action R.E 718.835.8800*Prudential Rand Realty 914-964-2002*RealEstate.com 516-965-3414Robert E. Hill, Inc. 718-884-2200Roy Holmes Realty, Inc. 718-653-3100The Best Hope Realtly 718-584-8600S & G Realty 212-828-0312*Susan E. Goldy, Inc. 718-549-4116Today Realty Corp. 718-597-1777*TransUnion SSI 256-536-5330Triton Reo Management Corp. 646-478-7818*United Realty Services 718--405-2266Weichert Realtors-House & Home 718-432-5000World Savings Bank 516-832–4102

1867 Williamsbridge RoadBronx, NY 10461

718-892-3000 * 212-242-4343Fax: 718-892-9181

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*Mention this advertisement when calling any of the above offices*

Use Local Bronx-Manhattan Multiple Listing Service (MLS) Realtor Members.

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Active Multiple Listing Service Realtor CompaniesName Phone #*187 Realty Corp. ......................................................................................................................... 718-562-1000 Amerihome Realty ........................................................................................................................ 914-494-5822Better Homes Realty, Inc. ............................................................................................................. 718-931-3317Century 21 Wolff of Yonkers, Inc. ................................................................................................ 914-771-6300*Charles G. Brophy & Associates, Inc. ........................................................................................ 718-601-6100Continental Real Estate Group ..................................................................................................... 877-996-5728Cooper Group & Associates, Inc. ................................................................................................. 718-329-2400Cruse Real Estate .......................................................................................................................... 516-826-2100Denise Realty Corp. ...................................................................................................................... 347-851-4437Dream Realty Corp. ...................................................................................................................... 718-882-3300Exclusive Properties Sotheby’s International Realty.................................................................... 718-513-5812*F.P. Business Center, Inc. ............................................................................................................ 212-567-7113Fieldston Properties ...................................................................................................................... 718-601-1000Four Seasons Real Estate Center .................................................................................................. 914-667-6767Frontier Group Properties, Inc. ..................................................................................................... 718-491-9100Get Green Real Estate Services .................................................................................................... 914-395-0176*Grand Lux Realty ........................................................................................................................914.273.9688*Halstead Property Riverdale, LLC ............................................................................................. 718-878-1700*Home Buyers Marketing II, Inc. ................................................................................................. 888-566-7737*Houlihan Lawrence......................................................................................................................914.699.1471Houlihan Parnes Realtors ............................................................................................................. 914-641-4351Island Advantage Realty ............................................................................................................... 631-351-6000*Joe Hasselt Real Estate ............................................................................................................... 718-892-1700*Koppell River Realty, Inc. .......................................................................................................... 718-543-2200Laujel Realty Corp. ...................................................................................................................... 718-239-0890*M P Realty Group Corp. ............................................................................................................. 718-597-1600Parkchester Preservation Company L.P. ....................................................................................... 718-536-2031*Prestige Properties .......................................................................................................................860.829.8000Prudential Action R.E. ...................................................................................................................718.835.8800*RealEstate.com ........................................................................................................................... 516-965-3414Realtyspan.com Inc. ..................................................................................................................... 718-231-8900Robert E. Hill, Inc. ....................................................................................................................... 718-884-2200Roy Holmes Realty, Inc. ............................................................................................................... 718-653-3100The Best Hope Realtly .................................................................................................................. 718-584-8600S & G Realty ............................................................................................................................... 212-828-0312*Susan E. Goldy, Inc. ................................................................................................................... 718-549-4116Today Realty Corp. ....................................................................................................................... 718-597-1777*TransUnion SSI .......................................................................................................................... 256-536-5330Triton Reo Management Corp. ..................................................................................................... 646-478-7818*United Realty Services ..............................................................................................................718--405-2266WW Realty Services Inc. .............................................................................................................. 212-283-7966Weichert Realtors-House & Home ............................................................................................... 718-432-5000World Savings Bank .................................................................................................................... 516-832–4102

*Mention this advertisement when calling any of the above offices*

PagE �� • FEbrUarY 2009 • rEaLtor ProFEssioNaL EDgE • Visit www.bmar.org

REALTOR®

An Official Publication Of TheBronx-Manhattan N.

Association of Realtors, Inc.1867 Williamsbridge Road

Bronx, NY 10461-6298718.892.3000212.242.4343

Nunzio Del Greco RCE ...Editor & Chief Executive Officer

Visit us at www.bmar.org

Joe colonel

[email protected]

1-800-945-WASHwww.SERVICEDIRECTIONS.com

800 Westchester Avenue • Suite 5340 • Rye Brook, NY 10573Tel. (914) 381-6700 • Fax (914) 381-3131888 Seventh Avenue • New York, NY 10106

Tel. (212) 432-3272 • Fax (800) FAX-9396

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make your reservations to attend the

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(718) 892-3000 or (212) 242-4343

REALTOR - BMARPagE 2 • FEbrUarY 2009 • rEaLtor ProFEssioNaL EDgE • Visit 2009 Leadership CEO...

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